Chris Slaughter is co-founder and CEO of LVL, a new full-fledged banking account that I invested in that is focused on providing all of the fiat and Bitcoin financial services you would expect for only $9/month. This disruptive business model is already growing in popularity with users, so I wanted to bring Chris on to explain it in more detail.
In this conversation, we discuss demand deposit accounts, custodial accounts, importance of FDIC insurance, why monthly subscriptions make more financial sense for everyone involved, and how they built a product to service US dollars and Bitcoin simultaneously.Â
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Pomp writes a daily letter to over 50,000 investors about business, technology, and finance. He breaks down complex topics into easy to understand language, while sharing opinions on various aspects of each industry. You can subscribe at https://www.pompletter.com.
